Here’s what’s happening in fastener industry news, acquisitions, scholarship awards and opportunities and upcoming events the week of August 7, 2023.
Watch now on YouTube @FastenerTV:
Fastener Supply Company, a leading fastener distributor announced the acquisition of General Machinery. The strategic merger deal was finalized on July 31, 2023, marking a significant milestone for both organizations. With this acquisition, Fastener Supply Company further solidifies its position as a dominant player in the fastener industry. The combined strengths of both companies will enhance capabilities, expand product offerings, and create exciting opportunities for growth and innovation. Read more:
Fastener Supply Company to Acquire General Machinery in Strategic Merger Deal
White Cap, distributor of specialty construction supplies and safety products for professional contractors, has entered into a definitive agreement to acquire RENO Hardware and Supply, Inc., a distributor of construction supplies serving commercial, multi-family and residential contractors throughout Southern California. Read more:
White Cap Signs Definitive Agreement to Acquire RENO Hardware and Supply
Global Industrial hits an eCommerce milestone. CEO Barry Litwin told analysts on their recent earnings call. “Within our ecommerce channel, digital transformation continues as we enhance the product shopping experience and optimize our digital marketing,” “This resulted in improved web sales performance as the quarter progressed, with ecommerce growing to more than 60% of total sales transactions.”
Read more: https://www.digitalcommerce360.com/article/global-industrial-sales/
Albolt Manufacturing Opens New Facility in Rockford, Illinois. Products produced in the new facility will include specialty hex bolts, sockets, studs, nuts, and pins, with a variety of secondary operations and additional services all focused on producing a limitless variety of specialty fasteners that are manufactured for a specific industry, job, or material. Read more:
Albolt Manufacturing Opens New Facility in Rockford, Illinois
Kimball Midwest continued their centennial celebration with events at their headquarters in Columbus, OH. The Kimball Company was founded in Cleveland, Ohio, in 1923. In 1984, it joined with Midwest Motor Supply, which was founded in Columbus, Ohio, in 1933, forming Kimball Midwest. The company is holding a series of events to honor its 100th anniversary throughout 2023. Notably is a community campaign to celebrate the milestone in which Kimball Midwest will donate $1 million across the country. Each sales region, corporate department and distribution center will receive money for associates to donate to a qualified charity of their choosing. Read more:
Kimball Midwest Centennial Celebration Continues at Headquarters in Columbus, Ohio
Eurolink Fastener Supply Service RECEIVES MANUFACTURING OUTLOOK’s ‘TOP INDUSTRIAL FASTENERS SERVICES PROVIDER AWARD’ for 2023. Eurolink, a trusted U.S. importer of hard-to-find metric fasteners has 23 years of industry experience. Eurolink provides hard-to-find metric fasteners to North American industrial distributors. Read more:
Eurolink FSS Receives Manufacturing Outlook ‘Top 10 Industrial Fasteners Services Provider Award’
Congratulations to the 2023 Pacific West Fastener Associations’ Fastener Training Week Scholarship Ashley Beza, sales representative at Industrial Threaded Products.
Congratulations to Jeannine Chabatoni Ciabottoni, of AFC Industries the FIRST recipient of the Women in the Fastener Industry’s Maryann Marzocchi Scholarship. This scholarship will go towards tuition for Jeannine‘s daughter, Brooke, at Clemson University.
Jeannine has been working in the fastener industry for 17 years and was inspired by her Father, who was in the fastener industry for 45 years.
SPONSOR: Registration is open for the 2023 International Fastener Expo at Mandalay Bay in Las Vegas from October 9-11, 2023. Step into the future of fasteners, machinery, and industrial products at the most anticipated event of the year! The International Fastener Expo (IFE) is the ultimate business-to-business expo for all things fasteners…As the largest fastener event in North America for more than 40 years, IFE caters to every level of the supply chain, making it the go-to event for fastener industry professionals. Attendees can participate in special events like the IFE Annual Golf Tournament, the Welcome Reception Party, Keynote Speaker, informative sessions on the show floor. And the prestigious Fastener’s Hall of Fame & Young Fastener Professional Award Ceremony, where industry excellence is celebrated.
Register now Use promo code FND50 to save $50.00 on registration. Go to FastenerShows.com
ATTN: Women in the Fastener Industry! WIFI honors the memory of Edith Cameron, a pioneer in the fastener industry for 55 years with a scholarship to attend the International Fastener Expo in Las Vegas this October. Submission deadline for the applications is this FRIDAY!! August 11, 2023. Go to https://www.fastenerwomen.com/scholarships for more info.
The MWFA Is accepting applications for their 2023 Education Scholarships. This is a great opportunity you won’t want to miss out on! If you qualify, you could receive significant financial support to pursue your educational dreams. Multiple scholarships will be awarded, with a minimum award of $1,500.
The scholarships will be awarded at the November MWFA meeting. The application deadline is September 1st. For details and application go to https://mwfa.net/
DOWNLOAD MWFA SCHOLARSHIP APPLICATION: https://www.mwfa.net/pdf/scholarship-application-new.pdf
Wurth Additive Announced that their “3D Printers in the Wild” tour will begin at their new home base in Greenwood, IN. You’re invited to join them on August 9th, 2023, from 3:00 to 6:00 PM. Their mission is to demystify industrial 3D printing. Attendees will discover various types of 3D Printers and explore different materials from filament, and composite materials, to resin printers, and metal powder-based systems and examine Digital Inventory solutions and their operational benefits. To get all the upcoming tour dates visit: https://wurthadditive.com/
Sign-up form: https://www.linkedin.com/events/3dprintersinthewildtour-greenwo7087115699566845955/comments/
The Mid-West Fastener Association’s FSTNR Week will take place in Chicago August 20-24, 2023!
Members and attendees will experience:
- A Bed Build event at Abbott Interfast to support the Sleep in Heavenly Peace organization
- MWFA Member Plant Tours
- Print Reading Seminar
- 41st MWFA Fastener Show
- Retro 80’s Fastener Bash
- MWFA 70TH Golf Outing & Mixer.
- For all the details and to register go to www.mwfa.net
Registration form: https://mwfa.net/pdf/2023/exhibitors.pdf
The Fastener Training Institute’s Fastener Training Week Chicago is SOLD OUT! The Fastener Training Institute and the Industrial Fasteners Institute (IFI) continue their partnership to present Fastener Training Week — five intensive days of education and plant tours as part of the acclaimed FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this invaluable industry training in a small group environment and passing a final exam, attendees are eligible for the CFS designation.
If you missed registering for Fastener Training Week in Chicago, you can register for the next Fastener Training Week in Los Angeles December 4-8.
For more info go to: https://fastenertrainingevents.com/los-angeles-2023.htm
SPONSOR: Join the Fastener Training Institute for an all-day training program on Monday, October 9th, at the International Fastener Expo! Fastener Fundamentals, The Nuts and Bolts for Fastener Professionals, will offer the best of the Fastener Basics Training and Certified Fastener Specialist™ Training programs. The one-day class will bring the basics of fasteners and beyond to industry professionals. Take advantage of early bird pricing through October 7, 2023. Register now: https://fastenershows.com/fti-class/
SPONSOR: Tee off with fastener industry leaders and fellow enthusiasts at the highly anticipated annual International Fastener Expo Golf Tournament. This premier event provides an excellent opportunity to network, build relationships, and have a fantastic time on the greens. Whether you’re a seasoned golfer or just starting, this tournament promises a day of camaraderie, friendly competition, and unforgettable memories. Mark your calendars and practice your swing because this is an event you won’t want to miss! The tournament will take place on Monday, October 9th at the Bali Hai Golf Club. The IFE Golf Tournament presents an array of sponsorship opportunities designed to put your brand at the forefront. By sponsoring different aspects of the tournament, you can ensure maximum visibility to your target audience. Go to FastenerShows.com for registration and sponsorship opportunities!
SPONSOR: Next generation advanced planning and scheduling is here! Optessa’s AI-driven optimization ushers in a new way for manufacturers to generate optimal plans and schedules in a fraction of the time. Respond to disruptions, meet delivery dates, reduce excessive parts inventory, eliminate costly idle time, and stabilize your supply chain. Request a live demo of Optessa’s NextGen APS platform today!
Visit https://www.optessa.com/ for more information!
The stories featured in this week’s episode of IN THE NEWS can be found at Fastener News Desk or in our feed @FastenerNews at X.com the new twitter rebrand, on LinkedIn in the Fastener News Group and @FastenerNews at Threads!
If you would like to share your company’s news or events contact me, lisa@fastenernewsdesk.com. Thanks for tuning in to this week’s episode of ‘IN THE NEWS’ with Fastener News Desk.
Until next week, be well and keep it fastenating.
DYK! We have 4 million manufacturing jobs to fill by 2030! Let’s work together and inspire the next generation of manufacturers by hosting a #MFGDay23 event! So Save the Date: Friday, October 6th for Manufacturing Day 2023. Celebrated nationally on the first Friday in October and throughout the month. MFG Day is manufacturing’s biggest annual opportunity to inspire the next generation, positively shift perceptions about our industry, and build the foundation for the manufacturing workforce of the future. Resources and toolkits available: https://mfgday.com/resources/
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